BTC's 5-days chart with the Pi-cycle top signal. The red moving average is the faster MA and green is the slower MA. You can see that for the past 2 cycles, after the Pi cycle top signal fired, the slower MA will eventually slope down and after some time, it will begin to slope up again. When the slower MA slopes up again, it is typically a good idea to accumulate
BTC when price is under the faster MA. You then take profit when the Pi cycle top signal fires again.BTC is currently under the faster MA, will history repeat itself once more? 🤔
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.